The Reserve Bank of Australia left the official cash rate at 1.50 per cent but credit conditions have tightened for investors over recent months, and owner occupiers are wary about rates as the banks move unilaterally, says Shane Garrett of the HIA.
One in five Australian households will struggle if interest rates rise 0.5%
Australian households are living on a knife-edge, with record levels of debt, record slow wages growth, and the expectation of higher interest rates, warns new research from Digital Finance Analytics.
Banks believe off-shore buyers don’t reflect the local demand that the bank is looking to satisfy in the event that they are required to sell unsold stock in a default scenario.
